Published: 2025-06-26T14:06:47.000Z
Chart AUD/USD Update: Poised to extend April gains
Senior Technical Strategist
-
Cautious trade around congestion support at 0.6500 has given way to steady gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6450 | congestion | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | ** | 61.8% ret of Sep-Apr fall | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:55 BST - Cautious trade around congestion support at 0.6500 has given way to steady gains, with prices currently balanced in consolidation beneath strong resistance at the 0.6550 Fibonacci retracement. Daily readings have turned positive, highlighting potential for a break, with April gains then targeting congestion resistance at 0.6600. Meanwhile, any immediate tests below 0.6500 should give way to consolidation above further congestion around 0.6450.